What Happened to Gulabo Jaipur After Shark Tank India?

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What is Gulabo Jaipur?

Jaipur is quite popular for its textile industry. Gulabo Jaipur is a premium brand that showcases all the amazing work done by Jaipur Karigaari and puts that in front of the world.

It has a wide range of products. Such as Anarkali, Lehenga, Kurta, Co-Ord Set, Sharara Set, Dupatta, Saree, etc.

Many celebrities like Karishma Kapoor and Prajakta Koli have purchased their dresses from Gulabo Jaipur.

Who is the Founder of Gulabo Jaipur?

Salman Malawat & Saloni Panwar are the founders of Gulabo Jaipur. They are from Jaipur. Well, you know that already thanks to the brand name.

They are husband and wife. Saloni always wanted to be a designer. She doesn’t have any degree in fashion, but she was always involved in making new designs. She has 17k followers on Instagram. Saloni takes care of all the creative side of the company.

Salman completed his Law degree from Symbiosis Law School. Salman takes care of all the operations of the company.

Gulabo Jaipur Before Shark Tank India?

Saloni started Gulabo Jaipur in 2014. It has 338k followers on Instagram. The USP of Gulabo Jaipur is the block prints. The top-selling category is everyday wear. But Gulabo Jaipur offers occasional wear and bridal wear also.

How much money did they ask for on the pitch?

They came to Shark Tank India seeking ₹90 Lakhs for 1% equity in the company Gulabo Jaipur. Which gives the brand a valuation of ₹90 Crores.

How much money did they raise for Gulabo Jaipur?

They haven’t raised any money for the company yet. It’s a bootstrapped company till now.

How to get Gulabo Jaipur dresses?

You can get all the Gulabo Jaipur products on their brand website. They have some flagship stores also. You can get the designs in some marketplaces as well.

Unit Economics of Gulabo Jaipur

The average selling price is ₹7000. The bride’s lehengas are a bit expensive. The EBITDA is 15%. They are spending 7% ~ 9% of sales on marketing.

What are the Annual Sales of Gulabo Jaipur?

Fiscal YearAnnual Sales
2020 – 2021₹2.1 Crores
2021 – 2022₹3.8 Crores
2022 – 2023₹4.5 Crores
2023 – 2024₹8 Crores Projected

Sales split of Gulabo Jaipur

Brand website65%

Which shark gave Gulabo Jaipur an offer?

Anupam Mittal was out. He acknowledged that they’ve built an amazing business. He didn’t find the business investable at the moment.

Ritesh Agarwal was out. He thought the founder was doing too many things at the same time.

Aman Gupta was out. He found the valuation too high for the company.

Vineeta Singh was out. She found the designs didn’t quite match the brand name, as it was on the path to becoming an ultra-luxury fashion brand.

Namita Thapar was out. She didn’t find any USP of the brand Gulabo Jaipur.

What deal did Gulabo Jaipur get in Shark Tank India?

Gulabo Jaipur didn’t get any deal in Shark Tank India.

Company Name Gulabo Jaipur
Founders Salman Malawat & Saloni Panwar
Asked Amount ₹90 Lakhs for 1%
Final Deal No Deal
Shark No Shark
Company Net Worth ₹90 Crores
Company Website www.gulabojaipur.com
Company Status In Business

What is the net worth of Gulabo Jaipur?

The net worth of Gulabo Jaipur is ₹90 Crores according to the founders.

Is Gulabo Jaipur still in Business?

Yes, Gulabo Jaipur is still in the Jaipur clothing fashion business.

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